5 best CFD brokers with high leverage
High leverage Contract for Difference (CFD) brokers are easy to find. They are all over the internet. But choosing the right one is a far trickier proposition.
How do you sort out the wheat from the CFD chaff? And how much leverage can you expect to access?
These are two great questions that we tackle here in our in-depth review of the 5 best CFD brokers with high leverage. We have sifted through what is a vast trading segment to arrive at a shortlist of companies that distinguish themselves from the pack.
Who is the best CFD broker with high leverage?
Before we leap headlong into our showcase, maybe we should back up a little first to ensure we are on the same page. To be clear from the outset, a CFD is a way to speculate on an underlying asset. You never own the asset per se. Instead, you are taking a short position with the expectation that the asset will fall in value. Alternatively, you take a long position in the hope the price rises.
In this review, we focus on forex trading, where the average leverage is 1:500. This means that for every dollar you are trading with, you are borrowing $500. A price movement of just 0.2% means you can double your money. Or lose the entire trade. It is this high volatility that makes CFD forex trading so inherently risky. And why it is imperative, you fully understand the risk involved or stick with a lower level of leverage if you are inexperienced.
5 best CFD Broker with high leverage:
- RoboForex – Leverage of up to 1:2000
- Vantage Markets – Good all-rounder
- BlackBull Markets – The clue is in the name
- IC Markets – Numerous payment methods
- BDSwiss – Know-how made in Switzerland
RoboForex was established in 2009 and has grown exponentially into a significant force in the forex marketplace.
If you are hunting for a high leveraging forex broker, these are people you should have in your crosshairs. They offer three accounts with leverage maximums ranging from 1:300 to 1:500.
However, if you wish to go supersize with leverage, they have two accounts that offer leverage of up to 1:2000.
These are the Pro-Cent and the Pro-Standard accounts, which can be opened with just $10 to trade up to 26 currency pairs. Plus, they are both subject to deposit and loyalty bonuses.
The downside – and there always is one – is that spreads are floating from 1.3 pips. But this is somewhat offset by the trading conditions, including up to 10,000 lots and MetaTrader 5 accounts allowing for a maximum of 1000 open positions.
The distinguishing feature and hence the name is the Pro-Cent accounts operate with USD Cents or EUR Cents as the base currency. The Pro-Cent is suitable for both beginner and veteran forex traders.
The Pro-Standard account is pitched at the same audience but only available on the MetaTrader 5 platform. However, suppose this is not a deal-breaker. In that case, you will be interested to hear that the Pro-Standard account allows for up to 1000 open positions and up to 500 active orders.
All of RoboForex account types come with the option of trying out a demo account first. This may be a great idea if you are not overly familiar with their platforms or, indeed, forex trading with high leverage levels.
Benefits of RoboForex:
- Up to 1:2000 leverage available
- Zero deposits fees
- Minimum deposit $10
- CopyFX available
- Negative balance protection
- Award-winning company
- Multiple software options
- Multiple platforms
2. Vantage Markets
This Australian broker was penciled in for this CFD broker review from the get-go. There’s very little to dislike: it’s a good all-rounder that always seems to do that little bit extra to get noticed.
Whether you have been forex trading for years or making your first tentative steps, Vantage FX is a shoo-in as far as we are concerned.
The team behind Vantage FX is highly experienced and set up the brokerage in 2009. It may be a cliche, but Vantage FX is greater than the sum of its parts.
They have brought together cutting-edge technology and award-winning customer service to produce one of the forex industry’s standout players. And they haven’t fallen into the trap of getting complacent; they are continually pushing forward to keep ahead of the game.
Admittedly, their website could probably do with a design refresh soon. It is definitely not the worst we have encountered, to be fair. And everything under the hood works and works well.
We have no hesitation in giving Vantage FX a place in our top 5 CFD broker review. And, further, recommending that you take a closer look and consider registering. Like we do for all of our 5 best broker picks.
Vantage FX fields an interesting line-up of accounts, which are based around MetaTrader 4 and 5.
Comparisons between accounts are crystal clear. The Standard STP account is firmly aimed at novices who don’t want to pay commission but can live with spreads starting from 1.4 pips. Experienced traders will be better off with the Raw ECN account, which offers spreads from 0.0 pips but comes with a minimum deposit of $500.
Benefits of Vantage FX:
- Leverage up to 1:500
- Spreads from 0.0 pips
- $200 minimum deposit
- Zero deposit fees
- Nine base currencies
- Affiliate and client referral programs
- Zero commission accounts available
- Trade 44 currency pairs
3. BlackBull Markets
When you are based in New Zealand and launching a forex trading platform, you will try your hardest to get the words’ bull’ and ‘black’ into the name.
Like rugby’s world-famous All Blacks, these Kiwi financial warriors have taken the game to the opposition with aplomb. If BlackBull Markets hasn’t yet appeared on your radar, you must head there right now to take a look.
So what’s with the buzz then?
They deliver. When BlackBull Markets was formed in Auckland in 2014, it set out with a mission. And an ambitious one at that; to become a world-leading fintech and forex broker.
And from where we are standing, it’s kinda looking like it’s mission accomplished. BlackBull Markets have refined their account options to just two for retail customers and one for institutional clients. With fewer, relatively-speaking, plates to spin, BlackBull Markets have been able to apply a laser focus to operations and do what they offer really well. This is always a winning formula, whether it’s forex or rugby.
If you are a forex novice or want to access 1:500 leverage, then the account of choice is their ECN Standard account, which you can open with US $200. There’s no commission to pay, and spreads start from 0.8.
According to BlackBull Markets, their most popular account is the ECN Prime account. For this, you need to cough up a minimum of US $2,000 and $6.00 R/T per lot. But the plus side is you get minimum spreads from 0.1 pip.
Benefits of BlackBull Markets:
- Leverage of up to 1:500
- Security, safety, and reliability
- Multiple award winners for their innovation and technology
- Trade up to 64 currency pairs
- 24/6 live support
- Social trading accounts
- Deep liquidity pool
- STP order execution
4. IC Markets
If you are a big MetaTrader 4 or 5 fan in search of a new base, you could do worse than swing by IC Markets. For they are MT4/5 devotees like you.
But if MetaTrader is not your cup of tea, there’s cTrader if you prefer, and that comes in four flavors, desktop, web, mobile, and cTrader cAlgo.
Platforms are important, but what about the leverage?
It’s a maximum of 1:500 across the board, you will be delighted to hear. So no matter your preference in account type, there’s always going to be some chunky leverage available to maximize your trading opportunities.
There are two MetaTrader-based accounts – Raw Spread and Standard.
The Standard account is commission-free with spreads starting from 1.0 pips, while the Raw Spread alternative charges $3.50 per lot per side, but the spreads start from 0.0.
The cTrader account comes in cheaper at $3 per lot per side, so you may wish to opt for that one instead.
No matter which you select, there are demo accounts available to get your eye in first before committing to a live account. If you arrive a little green to forex trading, it’s highly recommended you thoroughly digest IC Markets’ educational resources first before registering a demo account. However, IC Markets training materials are a bit thin compared to what is provided by other forex exchanges, to be frank.
But this isn’t a concern for more experienced traders. There are many plus points to IC Markets, not least of which are the 15 different payment methods, ranging from cards to PayPal and a range of other e-wallets and bank transfers.
Benefits of IC Markets:
- Leverage of up to 1:500
- Trade up to 64 currency pairs
- One-click trading
- Islamic swap-free accounts available
- $200 minimum deposit
- Spreads from 0.0 pips
- Zero commission on their Standard Account
- Demo accounts available
With almost two million registered accounts placing their faith in BDSwiss, it’s difficult not to conclude this broker is just a little bit special.
The numbers, as they say, speak for themselves. And there are some impressive figures to behold: clients in 186 countries, $84 billion trading volume per month, and more than 56 million trades executed in 2020. Evidence, it would appear, of safety in numbers.
However, BDSwiss is more than merely a list of healthy-looking stats. There is something almost intangibly distinct about them. The Swiss are not noted for being flamboyant, but there’s a definite swagger about BDSwiss. But in a good way.
Their uniqueness has been widely recognized by the industry. In 2020 alone, they reeled in four major awards. These were Best Market Research Provider in the FxScouts Awards, Best Trading Conditions in the World Finance Awards, Best Fx & CFDs Provider in the International Investor Awards, and Best Program Partnership – Asia in the Global Finance and Banking Awards.
Perhaps, BDSwiss can be forgiven if they indulged in a socially-distanced lap of honor at the end of Q4, 2020.
As well as being an outstanding performer, BDSwiss is also well regulated. It is registered and authorized in the US by the National Futures Association. And it is overseen by regulatory authorities in the British Virgin Islands, Seychelles, Cyprus, and Germany.
Their platform also has a reputation for its ease-of-use, offering users a choice of MetaTrader 4 and 5, WebTrader, and an in-house developed mobile app version.
Benefits of BDSwiss:
- Leverage of up to 1:500
- Trade more than 50 currency pairs
- Multiple platforms
- Ultra-fast order execution
- 24/5 customer support in more than 20 languages
- Wide range of payment methods for deposits and withdrawals
- Class-leading market analysis and news
- Daily training webinars with industry experts
Is CFD trading with high leverage legal?
Generally speaking, CFD trading is lawful in most countries where there is regulation of the marketplace. The most obvious example of where CFD trading is illegal in the USA, where CFD trading is neither regulated nor endorsed. However, many US residents do want to trade CFDs and use offshore brokers as a workaround. This, though, comes with risk. Many brokers will not accept US citizens if the UK’s Financial Conduct Authority regulates them. Finding a regulated offshore broker for US citizens takes a little extra legwork.
Are CFDs and spread betting the same thing?
Essentially, yes. Spread betting is the same type of derivative trading involving speculation on price movements rising or falling.
The main difference is where the profit derives. With CFDs, your profit is the spread difference between the opening and closing prices. On the other hand, with spread betting, your profit equates to the amount you have bet on each price movement.
Is CFD forex trading safe for beginners?
Yes, if you pick the right broker. A few brokers are better suited for beginners as they will feature advanced tools to minimize risk while still offering higher leverage levels. The tools to look out for are negative balance protection and stop loss. Some also offer automated tools to take profit at a pre-set level.
However, it can’t be stressed enough that you need some previous trading and a good grasp of CFD trading fundamentals. Always choose a broker that is strong on education and training. And take advantage of that.
It’s also highly recommended that beginners open a demo account first. Doing so will get you familiar with the platform and mean you can try out various trading strategies risk-free with virtual money. It’s best to do the training first and get up to speed with the basics before opening the demo account. These training accounts tend to be limited to a month, though. A few brokers offer unlimited demos, but these tend to be the exception.
What should I look for in a high leverage CFD broker?
You should be looking for tight spreads and no or low commission fees. And risk mitigation features to avoid blowing up your account.
It’s also vital that their trading platform is easy to use and intuitive. MetaTrader 4 and 5, as well as cTrader and WebTrader, are the norm. However, many brokerages also offer their own brand platform that has been developed from the ground up in-house. So be sure to check out how comprehensive their training and learning resources are if you are unused to any of their platform options.
Account types tend to be offered on a platform-specific basis. But you can open a demo account first to get a feel for it before committing to a live trading account.
High leverage forex trading is a risky business. You need to understand the implications and risks involved fully. Lucrative profits are there for the taking, for sure. But the reverse side of the coin is catastrophic losses.
However, with the right mindset, training, and risk mitigation features in place, it’s arguably only as risky as crossing the street at rush hour. Maybe even a little safer in some ways.
There is, unsurprisingly, no shortage of CFD brokers with high leverage levels. But they are not all vanilla. Some are way better than that. And we have done our utmost to highlight the pick of the bunch. It was a tough gig, admittedly, but we have narrowed down the choice to just five. After much research and deliberation, the handful of CFD forex brokers we have selected is cut above the rest.
They are all transparent, with a solid financial background and broad experience in the forex market. We have sought to highlight their best features and get to the nub of the matter. We have considered several aspects that are important to forex traders seeking to access high leverage. And the good news is they all checked out exceptionally well. We, therefore, have no hesitation in commending to you our fab five.
Last Updated on June 1, 2022 by Arkady Müller